Barclaycard Confirms Deal to Become Preferred Payments Partner for 60,000 E-Commerce Retailers Hosted on BigCommerce’s SaaS Platform
Summary
Barclaycard, a major brand for credit cards at Barclays, a leading London-based multinational investment bank and financial services company, has confirmed a deal in which it will reportedly become the preferred payments partner for 60,000 e-commerce retailers hosted on BigCommerce’s software-as-a-service (SaaS) online platform. The new partnership will involve Barclaycard’s infrastructure being integrated into the BigCommerce platform, which will let vendors easily launch their payments system in days, instead of taking weeks or months. Future developments might see the launch of Barclaycard’s fraud detection and security services, and various other products that could assist with compliance with new regulatory policies, including Strong Customer Authentication (SCA). The initiative is part of a popular trend among financial institutions to integrate their products within third-party digital commerce websites and direct-to-consumer tech businesses. Olbe added that her firm’s partnership would ensure that vendors are able to deliver the seamless shopping and payments experience their clients demand.
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